Category: Other
Acting US Asst. Secretary of State calls on Minister Samaraweera
Acting US Assistant Secretary of State for South and Central Asian Affairs Mr. William E. Todd called on Minister Mangala Samaraweera yesterday (22). He is the senior-most US State Department Official visiting Sri Lanka under the new US administration. Mr. William Todd also met Prime Minister Ranil Wickremesinghe this afternoon, and will be meeting Foreign […]
Sri Lanka expands crop insurance to five other crops
May 02, 2017 (LBO) – Sri Lanka’s Finance Ministry has expanded crop insurance that has so far covered paddy cultivation to five other food crops. The government had already launched a two-year National Food Production Programme to ensure self-sufficiency in Potatoes, Big Onions, Chilies, Maize and Soya beans. Now, farmers of these crops will receive […]
Fitch affirms Singer Sri Lanka at A-(lka); outlook stable
[pdf-embedder url=”http://www.lankabusinessonline.com/wp-content/uploads/2017/05/Singer-Sri-Lanka-RAC-May-2017.pdf” title=”Singer Sri Lanka RAC May 2017″]
Exporters’ Association welcomes government efforts to regain GSP+
The EASL welcomes the efforts of the government to secure the vote from the EU parliament to regain GSP+. Once the concession is fully in place, Sri Lankan Exporters can look forward to being in a position to be more competitive, thus revive markets and capture new export opportunities. Exporters of Apparel, Fish & Seafood, […]
PUCSL discusses environmental concerns with Norochcholai communities
Apr 28, 2017 (LBO) – Sri Lanka’s power regulator said that discussions are ongoing with communities that have raised concerns over the environmental impact of the Norochcholai coal power plant. The discussions come following Supreme Court direction to the Public Utilities Commission, the commission said issuing a statement. “All matters concerning the environmental damage caused […]
LiCC launches water-proof denim jeans in Sri Lanka
Firebrand jeans retailer Long Island Clothing Company (LiCC) today launched a trail blazing brand of water-proof jeans and thus takes the much favoured denim jeans to yet another level. The launch of the water-proof jeans titled LiCC Liberté invites you to be part of a grander scheme. Wearing wet clothes is always a drag, but […]
Seylan Bank posts profit after tax of Rs866mn in 1Q 2017, 20% YoY growth
Seylan Bank made a steady start in 2017 by posting impressive results for Q1 with a Profit after Tax of Rs. 866 Million in the backdrop of uncertain market conditions. The Bank increased its Net Interest Income and recorded a robust growth of 20.97% in spite of the mounting pressure on the margins due to […]
DFCC Bank takes banking to customers’ doorstep with Mobile Teller
Sustaining its momentum to offer technology-backed convenience to customers, DFCC Bank re-launches “Mobile Teller” a digital banking service owned and operated by DFCC Bank and developed by SYNAPSYS. This doorstep banking service is offered by a staff representative, who accepts real time cash deposits via a mobile device. This offers customers the option of completing […]
Rain and fire threatens Meethotamulla, rehabilitation plans in place
Apr 27, 2017 (LBO) – Rains expected in May and an outbreak of fire still remain as threats to the hundreds of tonnes of rotting garbage piled up near Sri Lanka’s capital, with rehabilitation of the dump now in progress, a minister said. “What we are doing now is taking measures to control further collapses […]
Sri Lanka, India sign MOU to cooperate on economic projects
Apr 27, 2017 (LBO) – Sri Lanka and India signed an MoU on economic co-operation in the presence of Prime Minister Narendra Modi and Sri Lankan counterpart Ranil Wickremesinghe in New Delhi Wednesday. As per Indian media reports, the MoU proposes Indian investment in development of port and oil tank farms in Trincomalee, setting up […]
Mobitel launches first ever Digital Recharge System in Sri Lanka
Sri Lanka’s National Mobile Service Provider, Mobitel sustains its lead at the forefront of the mobile commerce revolution in the country by pioneering the Digital Recharge System for the first time ever in the country. Delivering on its commitment to simplify service offerings to its customers and retail partners, Mobitel is proud to introduce this […]
Time period of Presidential Commission on CB bond issue extended
Apr 25, 2017 (LBO) – Sri Lanka’s President Maithripala Sirisena has extended the time period of the Presidential Commission of inquiry to investigate and inquire into the issuance of treasury bonds. A spokesman at the Commission told LBO that the President has extended the time period by three months. So far statements were recorded from […]